A successful year for the ICA Group.
Ownership changes in ICA
Hakon Invest and Ahold have today announced that Hakon Invest is acquiring Ahold’s shares in ICA. Following completion of the acquisition, ICA and Hakon Invest will become one group – ICA Gruppen. ICA’s CEO Per Strömberg is envisioned as CEO of ICA Gruppen. Due to this announcement, ICA has moved forward the publication of the year-end report to today.
Extract from CEO comment
"2012 was a successful year for the ICA Group. The grocery market in all the countries where ICA operates performed fairly strongly despite the turbulent economic situation in Europe. Operating income excluding non-recurring items amounted to SEK 3,466 million, up 12 percent, mainly driven by a continued strong sales trend in ICA Sweden. Rimi Baltic, ICA Bank and ICA Real Estate also posted better results during the year. However, net income was affected by a tax expense of about SEK 1.3 billion due to a ruling by the County Administrative Court on October 4."
For the entire report, with a complete comment by the CEO and description of the financial results, please see the attached download file (pdf).